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Input Endorsers
Input Endorsers on Cardano are part of a planned optimization to improve the blockchain’s scalability and transaction throughput. This concept aims to separate the process of transaction validation from block production, allowing for greater parallelism and efficiency in how transactions are handled. Here’s how Input Endorsers work and their significance: In summary, Input Endorsers are…
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Pipelining (Cardano)
Pipelining on Cardano is a technique aimed at improving the throughput and scalability of the network by optimizing the block validation process. Specifically, it allows for parts of the validation process to overlap, enabling the network to process more transactions within a given time frame, thereby increasing its throughput. This approach is critical for Cardano’s…
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Delegate Representatives (DReps)
Delegate Representatives (DReps) on Cardano are participants in the network’s on-chain governance system, particularly under the Voltaire era, which introduces governance and treasury features. DReps play a key role by representing ADA holders in governance decisions. Here’s a breakdown of their function: By introducing DReps, Cardano enhances decentralized governance by ensuring that even if individual…
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State Channels
State channels are a type of Layer-2 scaling solution that allow participants to conduct multiple off-chain transactions, only recording the final result of those transactions on the main blockchain. This helps improve scalability and efficiency by reducing the load on the main blockchain, while still maintaining the security and decentralization provided by the underlying blockchain.…
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Account-Based Model vs. eUTxO Model: A Deep Dive into Blockchain Architectures
As blockchain technology continues to evolve, different architectures are being adopted to improve scalability, security, and transaction handling. Two primary models currently dominate the landscape: the Account-Based Model, popularized by Ethereum, and the eUTxO Model, championed by Cardano. These models represent fundamentally different approaches to managing user balances, executing transactions, and supporting smart contracts. In…
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Non-Interactive Proofs of Proof-of-Stake (NIPoPoS)
Non-Interactive Proofs of Proof-of-Stake (NIPoPoS) are cryptographic protocols designed to allow a party (the prover) to demonstrate to another party (the verifier) that a certain blockchain is following a valid proof-of-stake (PoS) protocol without requiring interaction between the two parties or access to the entire blockchain history. NIPoPoS are particularly useful in situations where a…
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Multi-signature Transactions
Multi-signature transactions on Cardano are transactions that require approval from multiple parties (or signatures) to be valid and executed. This feature ensures that a specific set of conditions is met before funds can be transferred or certain actions can be taken, adding an extra layer of security and collaboration. These transactions are useful in scenarios…
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Native Scripts
Native scripts are simpler, non-Turing-complete scripting solutions on Cardano. They are used primarily for multi-signature transactions and simple, pre-defined logic that does not require complex computation. Native scripts are processed directly by the Cardano ledger and have limited functionality compared to Plutus scripts. Key Characteristics: Example Use Cases: Example: A simple native script could require…
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Plutus Scripts
Plutus scripts are more powerful and flexible, allowing for Turing-complete smart contracts on the Cardano blockchain. They are based on the Plutus platform, which uses Haskell, a functional programming language. Plutus scripts enable more complex logic and programmability compared to native scripts. Key Characteristics: Use Cases: Example Use Case: A Plutus script could define a…
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What is the Cardano Constitution?
The Cardano Constitution is an evolving concept that represents a set of guiding principles or rules designed to govern the Cardano blockchain. It is part of Cardano’s vision for on-chain governance and decentralization. The Cardano Constitution will establish a framework for decision-making, allowing the Cardano community to actively participate in the future development and management…
